That sounds like a blind gambler to me. I am not proclaiming that anyone who got into bitcoin in the last 1.5 years is not in the negative price territory.. but you leave a lot of presumptions regarding how dire the situation may well happen to be.. I do agree with your suggesting that this situation may show us that there may well have been a need to have had been measured in the way that any bitcoin newbies should have invested into bitcoin in the last year and a half.. The ones who are likely getting punished in current times are those who went balls to the walls and leveraged in various ways that were beyond their means to service such leveraging outside presuming that the bitcoin's price has to go up for them to be able to service their leveraged position.
That is the reality. Many newbies are blind gamblers and it usually turn wrong for many newbie investors. Bitcoin and the cryptocurrency market itself has a natural bait which attracts the newbies mostly at the bull run. This happens when people who already invested at low run into massive profits. They will eventually be attracted to join the train. And unfortunately for them, it will be towards the ending of the bull run, and when the invest things turn the other way round.
As pointed out by you, many doesn't have investment plans, they jump in with what they call life savings and put all. Sitting back to watch the miracle, things might go wrong. Then they will not be patient enough to wait for another rise in the market.